The URL can be used to link to this page

Home My WebLink About0602 pur file 5-23,431 this mwt~~~e .x u~Arr uansle~ u~ utlc to the mortrared {roperty in eu~n~wsha,cn~ ul ihe ~nde~trdne~a .c.uird hr.eb~, rll n~hc, hUe and ~me~e.t ut the Alort~s~.x and to any ~n,uc~n.e pul~c~es ihen ~n furce aMll paas to the putchaaer or g~rntee. (h) To pertMm, cixnplY +'~lh and ab~de by eacA and every tht s~ipulat~ons, •~reements. tondileons and cocen~nts ~n s~~d prom~c~ot> note rnd ~n ~hi. Jeed iet fo~tA. (~1 That ~f any of sa~d sums o( mone) herem rr(erred to be nut promptly and fu11y pa~d w~~h~n (~(tcen daY~ neu rtte~ the same sererally becomes due aod paYable,cx if eaiA and ever> tAe st~pulaUOns, rj~eemtnts, .ond~uonc and co~enants of sa~J prwnu- sory note and this deed, or e~ther, ate not (ully perewmed, complied ~•~tA and aD~ded by, the said ag~regate sum menuoned in sa~d ~xwmssory nute chall bccixne due and payable fcxtA~~tA M thercafter •t the opt~on o( tht Nort~a~ee as fully and completely as d the .a~d as~repte ~um ol sa~d ptwniwsw) notr Was ot~~~nally' st~pulated to be paed on such day, an~~th~n~ !n sa~d psor.»ssury note a herein t.. the c~mrary not~~thsundm~. V 1 That in order to accclt~ate the matunty o( the ~ndebtedness hereby secuced, because o( +he (ailure of the \fortEa~o~ to pa)• any ta~, rssessment, I~ab~6ty, obl~~ation .N en:umbrance u{+cro said propcrty, as hete~n prov~ded, ~t shall not be ne.es~ary .x reQwsue that [Ae m~x~taeee shall f~rst pay the same. 2. The ~lortgagee may, at his opUon, and without wa~ving his r~ght to accclerate the iodebtedness hereb}~ securcd and to foreclose the same, pav either before .~r after delinquency any or atl of those certain obligations rrquired by the terms hereof to be paid by the ~iortgagor far the protection of the mattgage secwity or for the co!- lection of thr indebtedness hereb}• secured. Ail sums so advanced ot pa~d by the 4lortgagee shall be charged i~to the mortgage account and becom~ an integtai part thereof, subject ~a all tespects to the terms, conditions, and c.?venants oG the aforesa~d promissorY note, and this mortgage. as fully and to the same extent as though a part of the original ~ndebtedness evidenced by said note and secured by this mottgage, excepting however, that sa~d sums shall be repaid the rlo~tgagee forthwith upon its demand and be ~n addition to the regular monthly ~nstalt- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times; during the life .•f th~s mortgage, remain in possession of the ~lortgagee and in event of the foteclosure of this mortgage or other tran~fer of title to the mortgaged propect}~ in extinguishment of the indebtedness secured heteby, all right, title and ~nterest of the 1~lottgagor in and to any such abstracts of title shall pass to the putchaser or grantee. ~t. To the extent of the indebtedness of the Mortgagor to the ~iortgagee described herein or secuted hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders theteof of each and every mortgage, lien or othet incumbrance on the land described herein which is paid and'or satisCied, in whole or in part, out o~ the ptoceeds of the loan d~scribed herein or secured hereby, and the respective liens of sa~d mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as securit~ for the indebtedness to the ~lortgagee inetein described or hereb~• secured, to the same eitent that it w~ouid have been preserv~d and would have been passed to and been held by~ the ~t~~rtgagee had ~t been duly and regularly assigned, transfen~d, set over, and delivered unto the ~1ort- gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it bring the intent~on oi the parties hereto that the same will be satisfied and cancelled of recotd by the holders thereo[ at or about the t~me oC the recording of this mottgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person oth~r than the \k~ttgagor, lhe \tortgagee may, without notice to the !Nortgagor, deal with such successor or suc- cessurs ~n ~nterest with reference to this deed and the debt hereby secured, in the same manner as with the ~tort- gagor µ~thout in any way -vitiat~ng or discharging the ~lortgagor's liability hereunder or upon the debt hereby ; secured. No sale of the prcmises hereby mor.gaged and no forbearance on the part of the hlortgagee, and no ex- ~ tension of the t~me fot the payment of the debt hereby secwed given by the Slortgagee shall operate to release, ~ discharge, modify, change or af[ect the or~ginal liability of the ~lortgagor hetein either in whole or in part. 6. The I~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ; ness, however ev~denced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ for, .~r otherwise. unul all such indebtedness shall have been futly paid. ~ 7. In th~ e~•enr the moitgagors sell, convey or nansJer the mortgaged p~emises du?ing ~he liJe oJ this mort- t gu~e, then rh~s mo~tgage shall, a~ the oprion oj the ,lfortgagee herein, become immediately due and paya6le Jor the { (u!! sum oj ~ite p?!»cipal bnlance and interest ~hen due. ~ 3. The terms "!1lortgagor" and "Mortgagee" whenever used in this ~nstrument shall include the heirs, ~ personal representatives, successors and assigns of the respective patties hereto. Wherever used the singular ~ number shal! mclude the plural and the piural the s~ngular. and the use of any gendtr shall include all gendets. ~ ~ x. ~ Si ned, sealed and el er d~n the presence of: ~ /L (Seal) ~ - ~ ~ ~ ~ ~ 1 ` ~ ~ ~i (seaU ~ , /~o. k ; ~ ' l_ !1 f~ I - tA--~ f.4 / ~ ~ STATE OF FLORIDA I - COUNTY OF ~ia~ j ~S ~ SBefoLUm@ Personally appeared WADE H. WILSON atld CHARLSIE D. WILSON~ his wife ~ to me well know~n and known to me to be the individuals described in and who executed the fotegoing insttument, = and acknowledged before me that they ~xacuted the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 15th DSy of January, 1972 - . , , Y? u _ ' .Y : t _ , ,.5 ~ = ~1y Comm~ssion Expires: June 3~ ~ 1975 Notary Public, State of ' a ` _~i-3. ~ •J 3 . . f FtlEO ~k : ?ECO+~OEO . `,T~ St. UfGC ~~UHRAS ~A. . . ~ CLEkK : _t' CCUAT Miv p~~,~p.~ .1: J~u+ C8 4 is PH'~t . ~ S.~ so~x 1~ ~A~ 601 2,~,~9 . ~ ? _ - - : - -